BTC Surges 2.72% as Bulls Defend Key Support, Market Cap Hits $1.74T Amid Global Volatility

Bitcoin (BTCUSDT) experienced notable volatility in the past 24 hours, primarily driven by intensified global risk-off sentiment and market fluctuations following hawkish statements from the Bank of Japan. This contributed to significant liquidations of leveraged long positions and a broader contraction in cryptocurrency market capitalization. Recent price movements also reflect increased trading activity and investor responses to central bank policy discussions, with Bitcoin’s 24-hour price change reaching +2.72% as bulls defended new support levels above $90,100.

Currently, BTCUSDT is trading at 88,555.52 on Binance with a robust trading volume, opening at 86,213.14 and demonstrating strong intraday recovery. Market capitalization stands at approximately $1.74 trillion, reinforcing Bitcoin’s dominance, while trading volumes remain elevated across major exchanges.